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Bucharest
26 March 2019
International trade News

Bilateral meeting between Minister Ștefan-Radu Oprea and the UK’s head of delegation, before the meeting of the Foreign Affairs Council – Trade

Ștefan-Radu Oprea, minister for business environment, trade and entrepreneurship, had a bilateral meeting on February 22, 2019, with UK’s head of delegation participating in the informal meeting of the Foreign Affairs Council – Trade, George Hollingbery, minister of state for trade policy.

During the bilateral meeting, which preceded the FAC-Trade, the two counterparts discussed subjects on the agenda of the ministerial meeting.

The Romanian official underlined the importance of the bilateral economic and commercial relations and expressed his confidence in a further growth, supported by an ambitious and comprehensive Strategic Partnership Agreement. In order to add consistence to such an agreement, minister Oprea proposed the setting up of working groups on several fields and organizing annual economic forums aiming at better connecting the two business communities. Also, he expressed his gratitude for the support the UK has offered on some important topics on the Romanian agenda, as the accession to the OECD.

The Romanian minister expressed his concerns regarding the uncertainty created by the Brexit process, since the Withdrawal Agreement is not yet agreed, with 35 days before Brexit day. Mr. Oprea highlighted that the business environment needs clarity on the framework of trade relations with the UK after Brexit and mentioned the events organized by the ministry to inform business representatives about all possible scenarios, especially to help prepare them for a no-deal scenario.

The bilateral meeting between the two dignitaries took place in the margins of the Foreign Affairs Council – Trade which is organized Bucharest, on the 21st and 22nd February 2019. The meeting agenda of the two sessions included the modernization process of the World Trade Organization and the EU – US trade relations.

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